Egypt’s Minister of Transport, Kamelel-Wazeer, received in Cairo on Sunday Sheikh Faisal bin Thanial Thani, head of the Investment in Africa and Asia Section at the Qatar Investment Authority (QIA).
Attending the meeting were also representatives of Maha Capital, known as the investment arm of QIA.
Minister el-Wazeer and his Qatari quests discussed means of enhancing co-operation inmaritime transport, ports, specialized stations, and Qatari participation in the development of container terminals in Egypt.
The minister referred to what he described as the ‘great boom’ Egypt is witnessing and the ‘promising’ investment opportunities available in the country, particularly in the country’s ports.
New maritime terminals for general merchandize, he said, are being constructed, along with logistics centres and dry bulk ports.
He added that all these facilities are also being linked with railways to ease the movement to and from the ports.
The minister of transport noted that Egypt aspires to become a global centre for trade and logistics.
He cited multiple models for joint investment co-operation in this field.
“There are also opportunities for co-operation between Egypt and Qatar in the rapid electric train network,” Minister el-Wazeer said.
He described the project as an important qualitative leap in Egypt’s transport.
At the end of the meeting, Minister el-Wazeer signed a memorandum of understanding that sets a general framework for co-operation with QIA.
Signing the memo on the Qatari side was Abu BakrKundial, executive consultant at Maha Capital.
The memo opens the door for making feasibility studies for joint port projects and easing co-operation in developing the West Port Said container terminal.
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